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New Assets for Independence Demonstration Program

Published on AidPage by IDILOGIC on Jun 24, 2005

Purpose of this program:

To provide for the establishment of demonstration projects designed to determine: 1) the social, civic, psychological, and economic effects of providing to individuals and families with limited means an incentive to accumulate assets by saving a portion of their earned income; 2) the extent to which an asset-based policy that promotes saving for postsecondary education, homeownership, and microenterprise development may be used to enable individuals and families with limited means to increase their economic self-sufficiency; and 3) the extent to which an asset-based policy stabilizes and improves families and the community in which the families live.